Australian Automotive Market Hits One Million New Vehicle Sales in 2023, Setting an All-Time Record

In a press release on November 3, 2023, the Federal Chamber of Automotive Industries (FCAI) announced that Australia has achieved a historic milestone with over one million new vehicles sold in 2023. FCAI Chief Executive, Tony Weber, praised this accomplishment, attributing it to the strong demand for a diverse range of vehicles across various price points.

Weber highlighted the robustness of the Australian automotive market, stating that the country reached one million sales in October for the first time ever. "This milestone speaks to the range of vehicles available to consumers, affirming Australia's position as one of the world's most dynamic and competitive markets. It also reflects vastly improved supply chains,” he said.

During the past six months, five months have set all-time sales records, with 106,809 new vehicles delivered to Australian customers in October alone. In terms of vehicle types, 38.3% of sales in October were either light commercial utes, large, or upper large SUVs, while electric vehicle (EV) sales represented 5.7% of the market.

Sales increased across every State and Territory in October compared to the same month in 2022. The Australian Capital Territory saw an 18.9% increase, New South Wales 22.8%, Queensland 16.4%, South Australia 20%, Tasmania 20.8%, Victoria 32%, Western Australia 12.3%, and Northern Territory 1.9%.

Toyota topped the list of highest-selling marques with 20,298 sales, followed by Mazda with 9,316, Ford with 8,605, Hyundai with 6,620, and Mitsubishi with 6,395. The Ford Ranger was the top-selling vehicle with 6,215 sales, followed by the Toyota HiLux with 5,766, Isuzu Ute D-Max with 3,198, Toyota RAV4 with 2,598, and Toyota Landcruiser with 2,561.

Source: Federal Chamber of Automotive Industries (or "FCAI"), VFACTS Service